Provider of services to the global energy industry Petrofac has filed for administration to the High Court of England and Wales to appoint administrators for the company, following TenneT’s decision to terminate its scope in 2 GW offshore wind grid project in the Netherlands.Petrofac said that the move is a targeted administration of the group’s ultimate holding company only.The decision came after…
India’s EPC contractor Larsen & Toubro (L&T) has been hired to deliver High Voltage Direct Current (HVDC) converters in support of the Dutch-German transmission system operator (TSO) TenneT’s 2GW offshore wind grid program in the North Sea.Collaborating with Hitachi Energy…
Oilfield services provider Petrofac said on Friday its ongoing restructuring would leave existing shareholders with no residual value, as it moves to complete the process by November-end.Petrofac is restructuring its finances under pressure from rising costs and delayed payments…
Provider of services to the global energy industry Petrofac has extended its work in the U.K.’s North Sea with a two-year contract renewal from Ithaca Energy, valued at $50 million.Under the integrated services contract, Petrofac, who has supported Ithaca Energy since 2011…
Oilfield services provider Petrofac has secured a contract extension from ONEgas West, a Shell UK-operated venture, for asset support services in the U.K.’s Southern North Sea.The contract scope provides services across ONEgas West’s Southern North Sea portfolio…
Oilfield services provider Petrofac, through its Asset Solutions division, has been awarded a collection of scope expansions and new contracts in the first quarter of 2025, totaling $500 million.The awards – which realize growth in Asset Solutions’ core markets and target growth geographies…
Akastor's subsidiary DDW Offshore has secured a contract extension with Petrofac for its anchor handling tug supply (AHTS) vessel Skandi Emerald.The contract extension is for six months, meaning the contract term has now been extended to July 14…
Oilfield services provider Petrofac has secured a new master service agreement (MSA) with Marathon Oil to support its key onshore and offshore assets in Equatorial Guinea.Under the agreement Petrofac will provide technical authority and discipline engineering support…
TotalEnergies EP Nederland has awarded a multi-million-dollar front-end-engineering design (FEED) contract to Petrofac for a CO2 injection platform as part of the Aramis carbon capture and storage (CCS) project in the Netherlands.The project…
Malaysia Marine and Heavy Engineering Holdings (MHB), through its wholly owned and major subsidiary Malaysia Marine and Heavy Engineering (MMHE), has secured a subcontract to build an HVDC offshore substation (OSS) platform from Petrofac in support of TenneT’s 2GW project in the Netherlands…
Oilfield services provider Petrofac has secured a technical services contract from the national oil company of Equatorial Guinea GEPetrol to support the operations of Block B assets.Under the contract, valued at around $350 million over five years…
Oilfield services provider Petrofac has secured a contract extension with BP to continue work on its North Sea portfolio.Maintenance and engineering services will be provided under the terms of the three-year, multi-million-dollar contract.“Petrofac has supported bp in the North Sea for 15 years…
Oilfield services firm Petrofac has secured a contract extension with ONEgas West, a joint venture operated by Shell and Nederlandse Aardolie Maatschappij (NAM).The two-year brownfield Engineering, Procurement and Construction (EPC) contract award extends the previous three-year contract…
Akastor's subsidiary DDW Offshore has secured a contract extension with Petrofac for its AHTS vessel that will be put on the Northern Endeavour FPSO disconnection job offshore Australia.The contract extension follows the original one-year contract…
Oilfield services company Petrofac has secured a four-year operations services contract from BP for its Greater Tortue Ahmeyim (GTA) natural gas project in Mauritania and Senegal.The multi-million-dollar Master Services Agreement covers a wide scope of services…
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